South Korean telecommunications company – SK Telecom, announced the introduction of a block chain-based document submission process for mobile phone insurance. This new protocol is to eliminate existing, outdated methods of document processing in the company.
As reported Itbiznews, before users had to go to the technical repair office to receive insurance benefits for damaged phones. Successful visits ended with receipt of the claim, which then had to be sent by email or fax to the insurance company.
Cooperation with Samsung
The new SK Telecom system will allow its clients to skip this outdated process and finish everything quickly, safely and online.
The information contained in the announcement says that replacing paper documents with electronic certificates will help the company securely manage inquiries sent to insurance companies. She also hopes that this new method will help prevent document fraud.
Save money by adopting a block chain
SK Telecom expects that mobile telephony service centers and insurance companies, thanks to blockchain technology, will reduce costs and improve document processing speed, which will allow them to resolve customer complaints in a timely manner.
According to the company, the Galaxy series from the smartphone manufacturer – Samsung, will be the first phone compatible with the new service.
Kim Seong-soo, SK Telecom’s sales manager, announced that the use of blockchain technology will expand to “various areas of service in the future.”
Adoption of Blockchain technology in various industries
Yesterday we reported that The Commons Foundation – a South Korean NGO, revealed its plans to develop a health platform based on a block chain. The foundation wants to create an epidemiological research system adapted to the coming post-coronavirus era.
Blockchain technology is gaining more and more popularity in video games. Recently, there has been information that the best Counter-Strike players, along with two million fans, will take part in the cryptocurrency e-sports tournament in which fans will be able to bet on results using tokens. The tournament will be sponsored by Verasity.
In addition, GOATi Entertainment creates the Pavillon Hub platform, powered by the Phantasma block chain, which will act as a kind of blockchain front-end for the Steam platform. Pavillion Hub will be targeted at both developers and players